rakuten virtual banking

Feb

2020 Top Ten Asia Fintech Trends #1: The Four Asian Tigers tentatively embrace virtual banks

In 2019, the Asian tiger economies cautiously welcomed virtual banks. The financial centers of Hong Kong and Singapore as well as the advanced manufacturing hubs of Taiwan and South Korea can all benefit from digital-first competition in their respective financial sectors, where incumbents dominate. That has led to some complacency.

Aug

Asia Banking Research

Rakuten bets on digital banking in Taiwan

In July, Taiwan’s Financial Supervisory Commission (FSC) granted three virtual-banking licenses, surprising some observers who expected the regulator would only issue two. All three teams that applied for the licenses – led respectively by Japanese super app Line, Taiwanese telecoms firm Chunghwa Telecom and Japanese e-commerce giant Rakuten – were…

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rakuten virtual banking